Location Root Tag

Douglas Biddle has succeeded Denise Portmann as CFO at Bank of the Pacific, the $705 million-asset company said in a press release Thursday.

First Trust in New Orleans has been freed from a written agreement with the Federal Reserve Board.

Peoples Financial Services in Scranton, Pa., reported a fourth-quarter loss tied to its merger with Penseco Financial Services. The $1.7 billion-asset company lost $2.8 million in the quarter, compared to Penseco's $2.7 million in profit a year earlier.

A Tampa homeowner is suing Bank of America (BAC) and U.S. Bancorp (USB), claiming that the banks delayed processing his mortgage payments in order to earn extra interest for themselves.

United Bancorp in Martins Ferry, Ohio, said its chief executive is stepping aside and that his son will take over day-to-day management.

West Virginia's City Holding is content to have loan officers drive several hours to pursue lending opportunities rather than relying on aggressive M&A. Part of the approach is tied to lessons learned from a risky strategy that blew up on a previous management team in the 1990s.

New York's banking regulator unleashed a verbal assault on nonbank servicer Ocwen Financial Wednesday, saying the company's use of technology to better handle distressed loans is "too good to be true."

PHH Corp. is considering selling its mortgage banking business, a move that is apparently being driven by some of the company's investors.

Talmer Bancorp in Troy, Mich., expects to raise $42.5 million in its initial public offering.

As Manhattan developers plan millions of square feet of office towers featuring the most modern amenities, some of their biggest potential tenants — banks — have decided they're better off staying in their current homes.

Iberiabank Corp. (IBKC) in Lafayette, La., has agreed to buy First Private Holdings in Dallas.

First Interstate BancSystem (FIBK) in Billings, Mont., has agreed to buy Mountain West Financial (MTWF) in Helena, Mont.

The $176 billion-asset company will close the center in the summer of 2015, the Roanoke Times reported, citing a BB&T spokesman.

Florida Bank in Tampa has been freed from a memorandum of understanding issued by state regulators, according to a report.

Gerald Reaux, 53, "succumbed to an illness he had been battling for a while," KATC.com reported on Monday.

Bankruptcy used to be uncharted water in banking, but the drastic measure is starting to look like the only way for some institutions to reach dry land.

Horizon Bancorp (HBNC) in Michigan City, Ind., has agreed to buy the assets of 1st Mortgage of Indiana in Indianapolis.

Allan Hosack joined the $1.9 billion-asset Waterstone after a decade at BMO Financial Group (BMO) and predecessor, Marshall & Ilsley.

The company wants to supplement the loss of revenue from mortgage banking with a potentially large acquisition. CEO Gary Douglass says he is interested in banks with $400 million to $1 billion in assets.

CommunityOne Bancorp (COB) in Asheboro, N.C., reported its second consecutive quarterly profit.